Personal Finance
$20,000 Silver Housing Bonus: Should You Apply For It?
By Investment Stab  •  January 28, 2020
Source: HDB Today we will be answering this question: is it advisable to put $60,000 into my Retirement Account (RA) to get the $20,000 Silver Housing Bonus? This question was submitted by one of our readers. We would like to thank all our readers who post questions or tips to us. We would love to see more of that coming in, so do feel free to keep sending us these messages! You can contact us via email (investmentstab@gmail.com), comment on our blog, or drop us a message via Facebook or Instagram. Answer: When it comes to CPF, there is not really a one-size-fits-all solution. There are some flexibility and restrictions that you will have to consider before making such an important decision. Assuming you apply for the Silver Housing Bonus If you sell your home, and your net proceeds from the sale is less than or equal $60,000, immediately all of the proceeds will go into your CPF RA. Under this scenario, you get...
Read the full article
By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance